Bad Credit Car Loans Online (2024)

Yes! Not only is it possible for someone with bad credit to receive an auto loan, it’s actually pretty common. While lenders may approve an individual with bad credit for a loan, be aware that the loan may come with a higher than average interest rate, which may mean that monthly payments are larger than for customers with more favorable credit. Some dealers try to steer customers with poor credit toward vehicles that are significantly marked-up or charge fees to help offset the potential risk associated with a customer who has bad credit. Carvana provides credit to customers with all types of credit, and offers all of its vehicles to customers for the same, attractive, no-haggle prices with no hidden fees.

• In several states, our Vending Machines are temporarily closed for appointments in accordance with state mandates. You can reschedule your appointment through your Order Placed Dashboard.

We do! Carvana offers financing to customers with all types of credit, and we never change our competitive, no-haggle prices or add fees based on a customer’s credit.

• In several states, our Vending Machines are temporarily closed for appointments in accordance with state mandates. You can reschedule your appointment through your Order Placed Dashboard.

Customers with bad credit may find that most banks and credit unions deny their applications. Car dealers sometimes have relationships with other types of lenders who may be able to provide a loan, but one of the easiest ways to see financing terms is to get pre-qualified for financing through Carvana https://www.carvana.com/learn-financing. Getting pre-qualified takes a few seconds, can be done from the comfort and privacy of your home without talking to a salesperson, and provides accurate monthly and down payments customized for you on thousands of cars in our inventory.

• In several states, our Vending Machines are temporarily closed for appointments in accordance with state mandates. You can reschedule your appointment through your Order Placed Dashboard.

Some lenders, particularly banks and credit unions, may have a minimum credit score requirement. Oftentimes, these lenders prefer customers that have a credit score of 700 or higher, or at least in the mid 600s. Carvana does not have a minimum credit score requirement and considers many factors, in addition to traditional credit score, in determining credit offers.

• In several states, our Vending Machines are temporarily closed for appointments in accordance with state mandates. You can reschedule your appointment through your Order Placed Dashboard.

It can! A car loan has the potential to help – or hurt – one’s credit. Auto loans provide a new opportunity to show lenders your ability to consistently make payments in full and on time, which can boost your credit score. On the flip side, falling behind on a new auto loan can take a bite out of your credit score. Another consideration is that lenders like to look at the total amount of your monthly bills. If your new auto loan payment is less than your old loan payment, you might see a boost in your credit score. Similarly, if your new auto loan payment is larger than your old loan payment, your credit score might take a hit.

• In several states, our Vending Machines are temporarily closed for appointments in accordance with state mandates. You can reschedule your appointment through your Order Placed Dashboard.